Stock market today: Stocks turn positive despite worries of cracks in US economy
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US stocks turned positive on Tuesday, with the S&P 500 rising 0.2% and the Nasdaq Composite increasing 0.2%. The Dow Jones Industrial Average rose 0.5%. Stocks have struggled as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. However, Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool. Job openings fell in April to their lowest level since February 2021, indicating signs of rebalancing in the labor market. The GameStop rally lost steam on Tuesday, with shares down about 2%. Ford's US sales jumped 11.2% in May, driven by hybrids, trucks, and EVs. Oil futures extended their decline on concerns over the health of the US economy and oversupply. Bitcoin climbed back above $70,000 per token. Fast food stocks have been struggling due to sticky inflation and new price wars. Nvidia's CFO highlighted strong sovereign AI demand in Europe, the Middle East, and Southeast Asia. Stifel's Barry Bannister predicts a 10% correction in the S&P 500 in the second or third quarter. GameStop shares remained volatile, with a 21% gain followed by a decline.
#StockMarket #UsEconomy #InterestRates #Inflation #LaborMarket #Gamestop #Ford #Oil #Bitcoin #FastFoodStocks #Nvidia #S&p500
https://finance.yahoo.com/news/live/stock-market-today-stocks-turn-positive-despite-worries-of-cracks-in-us-economy-160638984.html
Yahoo Finance /
npub1j0e…3yhd
2024-06-04 21:38:11
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-04 21:38:11Event JSON
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"content": "Stock market today: Stocks turn positive despite worries of cracks in US economy\n==========\n\nUS stocks turned positive on Tuesday, with the S\u0026P 500 rising 0.2% and the Nasdaq Composite increasing 0.2%. The Dow Jones Industrial Average rose 0.5%. Stocks have struggled as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. However, Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool. Job openings fell in April to their lowest level since February 2021, indicating signs of rebalancing in the labor market. The GameStop rally lost steam on Tuesday, with shares down about 2%. Ford's US sales jumped 11.2% in May, driven by hybrids, trucks, and EVs. Oil futures extended their decline on concerns over the health of the US economy and oversupply. Bitcoin climbed back above $70,000 per token. Fast food stocks have been struggling due to sticky inflation and new price wars. Nvidia's CFO highlighted strong sovereign AI demand in Europe, the Middle East, and Southeast Asia. Stifel's Barry Bannister predicts a 10% correction in the S\u0026P 500 in the second or third quarter. GameStop shares remained volatile, with a 21% gain followed by a decline.\n\n#StockMarket #UsEconomy #InterestRates #Inflation #LaborMarket #Gamestop #Ford #Oil #Bitcoin #FastFoodStocks #Nvidia #S\u0026p500\n\nhttps://finance.yahoo.com/news/live/stock-market-today-stocks-turn-positive-despite-worries-of-cracks-in-us-economy-160638984.html",
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